FMG 0.57% $18.38 fortescue ltd

Hydrogen ‘twice as powerful a greenhouse gas as previously thought, page-14

  1. 9,928 Posts.
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    Meanwhile today 6,100T of carbon was emitted by FMG into the WA atmosphere

    Meanwhile today a whopping 690,000T of scope 3 carbon emissions in China was emitted by chinese steel mills refining FMG IO. Thats right, tonnes in 1 day !

    They are self reducing this in next 20 years by self control & self regulation. LOL.
    Thats why they set back the target from 2030 to 2040, and in 2030 it will be set back to 2050 and keep getting set back until 2100 ad infinitum ...

    https://www.globaldata.com/data-insights/mining/fortescue-annual-ghg-emissions-2089292/

    "Scope 3 emissions account for most of Fortescue's overall GHG emissions, accounting for 99.1% of total GHG emissions (252.2 MT CO2eq) in 2021. In 2021, the company's Scope 1 emissions rose by 7.9%, whereas reported Scope 2 emissions are the same as reported in 2020.
    Fortescue has set a long-term goal of net zero operational emissions by 2030 [2040 now LOL]. The company has also committed to invest $700 million in renewable energy initiatives"
    [you mean dirty hydrogen gas thats way more polluting than methane & nuclear]

    FMG is a major carbon emitter globally.
    No lipstick on it or promises of love in future or cashburning $4B on "research" will change what it is.

    Musk said Hydrogen is stupid and dumb, he is right imho.
 
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